Economists Do It With Models
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Kids These Days Think They Are So Smart… About the National High School Economics Challenge (the finals are this weekend in New York!) and how your school can get involved.I figured this was appropriate for the occasion… Earlier this year, the Massachusetts Council for Economic Education hosted its annual High School Economics Challenge, which brought students …
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It’s Funny Because It’s True, Unemployment Rate Edition… I dare you to argue that there is no humor to be found in unemployment statistics.I should have known that sending that sending Zach Weiner that copy of Mankiw would come back to bite me in the ass… Given how the most widely cited unemployment rate is calculated, the carto…
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The Shut-Down Condition More for either your studying or your general interest…This article explains when a company in a competitive market would choose to shut down in the short run rather than produce output.
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Finding Consumer Surplus and Producer Surplus Graphically Some tips for those of you studying for finals. :)This article outlines the steps to locate consumer surplus and producer surplus on a supply and demand diagram.
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A Belated Reinhart-Rogoff Rundown, Now With More Colbert… I posted about this before, but let’s just say that this version is a bit more, shall we say, colorful…
I’ve been hesitant to write about this, since every time I try I just end up with phrases like “AN EXCEL ERROR ROFL!!!!” on the page, and I don’t feel like that entirely emb…
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The Reinhart-Rogoff Austerity Controversy …or, “How an Excel error made by two Harvard professors got everyone’s panties in a twist”…
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SXSW 2013 – Economics, Consumer Psychology, and Music My talk from SXSW, now with audio via SoundCloud.
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Behavioral Economics, Overchoice, and Why Bribing People at the Supermarket Is a Bad Idea An old (2008) piece from The Guardian about behavioral economics featuring Dan Ariely. I think the best line is “conventional economics tries to make the man fit the model, rather than the other way around.”
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The real reason the Austrian School is against minimum wages. :)
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This is what happens when the slides for the wrong presentation get loaded and you have to wing it.
